08/25/2011 3:38PM

Arqana sale ends with median down, gross and average up


Arqana’s August yearling sales ended Thursday in Deauville, France, with a 7-percent drop in median but gains in gross receipts and average price.

The four-day auction, which included a two-night boutique select session, produced a single seven-figure horse when Australian owner Paul Fudge’s Waratah Thoroughbreds paid 1.7 million euros, or about $2.4 million, for a Galileo daughter of Sanjida that Haras de la Perelle sold on Tuesday night.

The auction ended Thursday afternoon with gross receipts totaling about $45,306,720 for 328 yearlings. That was up 17 percent from last season, when, under a different format, the auction sold 284 horses. The 2011 cumulative average was about $138,130, up 2 percent, but the median edged downward by 7 percent to $93,600. The buy-back rate this year was 25 percent, down sharply from last year’s 32 percent.

There also were 23 private sales on the auction grounds outside the sale ring. Those totaled about $2,128,320, bringing the gross to more than 32 million euros.

Waratah Thoroughbreds also bought the 2011 sale’s top-priced colt, a 500,000-euro Galileo colt out of Beverly D. winner Royal Highness. His price was the equivalent of about $720,000. Ecurie des Monceaux was the seller.